stock market crash

[scooterscot]

If I was on a trading game then given where we are and what is happening in the world I'd probably go for a drop on FTSE rather than rise ... but it's a 70/30 to me that the market will drop a bit. I can't see it crashing although I can see it losing to maybe 5500, but, almost equally I can easily see it hanging around 6200 too. Everyone is waiting for a major external trigger to significantly move the markets again one way or the other.

What we also need to remember is, whilst there are some high profile companies struggling during the pandemic, there are also lots of companies who are doing very well during this period; not every company has their backs against the wall.

It'll be a bank collapse. Which? HSBC still remains my favourite.

[_V_]

It'll be a bank collapse. Which? HSBC still remains my favourite.

Banks don't generally collapse because central banks print trillions of $£€ and hand it to them. "Too big to fail". Instead Main Street collapses and Wall St buys more yachts.

[scooterscot]

Banks don't generally collapse because central banks print trillions of $£€ and hand it to them. "Too big to fail". Instead Main Street collapses and Wall St buys more yachts.

Central banks are not handing money to private banks. Somehow that myth has now become gospel. Central banks, FED, BoE, create money in a central bank account and then they say this is now ABC Bank's collateral. But no real money was ever distributed / changed hands. All the central banks have done is attempted to balance the books with the money creation by private banks. You voted for bank deregulation, this is the mess you get. Got to love them Tories, they keep fooking up the system and the people love em for it.

Remember those banks? Amazing how quick we forget. HSBC will be on that list soon enough

Defunct banks of the United Kingdom


A

• Abbey National
• Anglo-Portuguese Bank
• Anglo-South American Bank

B

• Backhouse's Bank
• Banco de Londres y Río de la Plata
• Bank of Credit and Commerce International
• Bank of Liverpool
• Bank of London and South America
• Barings Bank
• Birmingham Banking Company
• Birmingham Municipal Bank
• Bristol & West
• British Bank of Northern Commerce
• Byrom, Allen, Sedgwick and Place

C

• Capital and Counties Bank
• Ĉekbanko Esperantista
• Central Bank of London Ltd.
• Chartered Bank of India, Australia and China
• Charterhouse Bank
• Cocks Biddulph
• Craven Bank
• Cunliffe, Brooks

D

• District Bank
• Dumbell's Bank

E

• Eastern Bank Ltd (historic)
• Egg Banking

F

• Forbes Bank
• Fox, Fowler and Company
• Fuller, Banbury, Nix & Co

G

• Girobank
• Gloucester Old Bank
• Glyn, Mills & Co.
• Goslings Bank
• Grindlays Bank
• Gunner and Company
• Gurney's Bank

H

• Hambros Bank
• Harman and Co.
• Hart, Fellow's and Company
• Heywood's Bank
• Holmes' Bank

I

• International Westminster Bank
• Ionian Bank
• Isle of Man and Liverpool Banking Company
• Israel-British Bank

K

• Keyser Ullman

L

• Lloyds and National Provincial Foreign Bank
• Lloyds Associated Banking Company
• Lloyds Bank International
• London and Provincial Bank
• London Scottish Bank

M

• Martins Bank
• Mercantile Bank of India, London and China
• Mercury Provident
• Metropolitan Bank (of England and Wales)
• Midland Bank

N

• National Provincial Bank
• Naval Bank, Plymouth
• Neal, James, Fordyce and Down
• Northern Rock
• Nottingham and Nottinghamshire Bank

O

• The Old Bank Hotel
• Oriental Bank Corporation
• Ottoman Bank
• Overend, Gurney and Company

P

• Parr's Bank

Q

• Quantock Savings Bank

R

• Royal British Bank

S

• Samuel Montagu & Co.
• Savings and Investment Bank
• Slater Walker
• Smith's Bank
• Stourbridge and Kidderminster Bank

T

• Trustee Savings Bank

W

• Westminster Bank
• William Brandt's Sons and Co
• Williams & Glyn's Bank
• Williams Deacon's Bank
• The Woolwich

[Whorty]

All you've done there is use Wiki to list banks that no longer trade under that name and/or was taken over by other banks. Agreed, some did go pop (e.g. Barings) but for very specific reasons. Very, very few banks just collapse and since the last financial crisis the banks (and insurance Cos etc) have had to prove that they capital adequacy so they are safer now than pre 2008.

You really should do a little research before just posting mate.

As for HSBC, it was one of the few UK banks that didn't take a handout from the government during the financial crisis so, unless they have a major issue, they are unlikely to be the first UK bank to go pop.

Remember those banks? Amazing how quick we forget. HSBC will be on that list soon enough

Defunct banks of the United Kingdom


A

• Abbey National
• Anglo-Portuguese Bank
• Anglo-South American Bank

B

• Backhouse's Bank
• Banco de Londres y Río de la Plata
• Bank of Credit and Commerce International
• Bank of Liverpool
• Bank of London and South America
• Barings Bank
• Birmingham Banking Company
• Birmingham Municipal Bank
• Bristol & West
• British Bank of Northern Commerce
• Byrom, Allen, Sedgwick and Place

C

• Capital and Counties Bank
• Ĉekbanko Esperantista
• Central Bank of London Ltd.
• Chartered Bank of India, Australia and China
• Charterhouse Bank
• Cocks Biddulph
• Craven Bank
• Cunliffe, Brooks

D

• District Bank
• Dumbell's Bank

E

• Eastern Bank Ltd (historic)
• Egg Banking

F

• Forbes Bank
• Fox, Fowler and Company
• Fuller, Banbury, Nix & Co

G

• Girobank
• Gloucester Old Bank
• Glyn, Mills & Co.
• Goslings Bank
• Grindlays Bank
• Gunner and Company
• Gurney's Bank

H

• Hambros Bank
• Harman and Co.
• Hart, Fellow's and Company
• Heywood's Bank
• Holmes' Bank

I

• International Westminster Bank
• Ionian Bank
• Isle of Man and Liverpool Banking Company
• Israel-British Bank

K

• Keyser Ullman

L

• Lloyds and National Provincial Foreign Bank
• Lloyds Associated Banking Company
• Lloyds Bank International
• London and Provincial Bank
• London Scottish Bank

M

• Martins Bank
• Mercantile Bank of India, London and China
• Mercury Provident
• Metropolitan Bank (of England and Wales)
• Midland Bank

N

• National Provincial Bank
• Naval Bank, Plymouth
• Neal, James, Fordyce and Down
• Northern Rock
• Nottingham and Nottinghamshire Bank

O

• The Old Bank Hotel
• Oriental Bank Corporation
• Ottoman Bank
• Overend, Gurney and Company

P

• Parr's Bank

Q

• Quantock Savings Bank

R

• Royal British Bank

S

• Samuel Montagu & Co.
• Savings and Investment Bank
• Slater Walker
• Smith's Bank
• Stourbridge and Kidderminster Bank

T

• Trustee Savings Bank

W

• Westminster Bank
• William Brandt's Sons and Co
• Williams & Glyn's Bank
• Williams Deacon's Bank
• The Woolwich

[jamesbrown]

You really should do a little research before just posting mate.

[scooterscot]

All you've done there is use Wiki to list banks that no longer trade under that name and/or was taken over by other banks. Agreed, some did go pop (e.g. Barings) but for very specific reasons. Very, very few banks just collapse and since the last financial crisis the banks (and insurance Cos etc) have had to prove that they capital adequacy so they are safer now than pre 2008.

You really should do a little research before just posting mate.

As for HSBC, it was one of the few UK banks that didn't take a handout from the government during the financial crisis so, unless they have a major issue, they are unlikely to be the first UK bank to go pop.

You better get onto wiki quick and tell em they've made a typo, defunct, er-no, re-brand. And the ones that did go pop went pop in a very specific & limited way

[Whorty]

[scooterscot]

Study is great.... my put confidence took another boost. Had an alarm on the dollar index (the value of the dollar against a basket of other popular currencies).


Dollar breaks out of its downtrend, price action now diverging with volatility (bottom box).


We're on the very of a huge market event - so exciting.

[Paralytic]

Oh I beg to differ.

A picture speaks a thousand words so they say, read em:

So, what you are saying (and, its remember, you, and only you, chose where to draw the lines on your chart) is that if this "trend" continues, the "correction" point on your chart could actually end higher than when this actually started started. You really are a laughing stock.

[Old Greg]

All you've done there is use Wiki to list banks that no longer trade under that name and/or was taken over by other banks. Agreed, some did go pop (e.g. Barings) but for very specific reasons. Very, very few banks just collapse and since the last financial crisis the banks (and insurance Cos etc) have had to prove that they capital adequacy so they are safer now than pre 2008.

You really should do a little research before just posting mate.

As for HSBC, it was one of the few UK banks that didn't take a handout from the government during the financial crisis so, unless they have a major issue, they are unlikely to be the first UK bank to go pop.

Yes. Took me <5 seconds to see Midland in the list, and to realise that my initial hunch that poopsies would be talking crap was correct.